Shell Technology Ventures Dives Into China’s Cleantech Market

By [email protected] Oil and gas majors haven’t been the most consistent investors in renewable energy, but as the all-electric future barrels forward, several prominent energy companies have indicated they won’t be left behind.

The latest play for diversification comes from Royal Dutch Shell, which announced Thursday it would open a China branch of its venture fund, Shell Technology Ventures. The venture arm will search for profitable startups in areas such as smart mobility, battery storage and solar power generation for microgrids, which represents a notable switch from the fund’s traditionally oil-centric investments.